Strs Ohio Increases Position in Caesars Entertainment Co. Common Stock (CZR)

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Strs Ohio increased its holdings in Caesars Entertainment Co. Common Stock (NASDAQ:CZR) by 4,177.8% during the 2nd quarter, Holdings Channel reports. The firm owned 17,111 shares of the company’s stock after buying an additional 16,711 shares during the period. Strs Ohio’s holdings in Caesars Entertainment Co. Common Stock were worth $183,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. SCP Investment LP purchased a new position in Caesars Entertainment Co. Common Stock during the first quarter worth $113,000. Laurel Wealth Advisors Inc. bought a new stake in shares of Caesars Entertainment Co. Common Stock in the first quarter valued at about $118,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Caesars Entertainment Co. Common Stock in the first quarter valued at about $142,000. Usca Ria LLC bought a new stake in shares of Caesars Entertainment Co. Common Stock in the first quarter valued at about $145,000. Finally, Moneta Group Investment Advisors LLC raised its holdings in shares of Caesars Entertainment Co. Common Stock by 60.1% in the first quarter. Moneta Group Investment Advisors LLC now owns 15,990 shares of the company’s stock valued at $180,000 after acquiring an additional 6,000 shares in the last quarter.

In related news, EVP Christopher J. Holdren acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, August 7th. The shares were purchased at an average price of $9.85 per share, for a total transaction of $49,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Eric A. Hession acquired 10,000 shares of the business’s stock in a transaction dated Friday, August 3rd. The shares were bought at an average price of $9.54 per share, for a total transaction of $95,400.00. The disclosure for this purchase can be found here. Insiders acquired 125,000 shares of company stock valued at $1,199,150 over the last quarter. 4.60% of the stock is currently owned by corporate insiders.

Shares of Caesars Entertainment Co. Common Stock stock opened at $10.65 on Friday. The stock has a market capitalization of $7.18 billion, a price-to-earnings ratio of -3.16 and a beta of 0.47. The company has a quick ratio of 1.96, a current ratio of 1.98 and a debt-to-equity ratio of 5.52. Caesars Entertainment Co. Common Stock has a one year low of $8.55 and a one year high of $14.50.

Caesars Entertainment Co. Common Stock (NASDAQ:CZR) last announced its earnings results on Wednesday, August 1st. The company reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.03. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.10 billion. Caesars Entertainment Co. Common Stock had a net margin of 21.90% and a negative return on equity of 4.71%. The firm’s revenue was up 110.2% on a year-over-year basis. During the same period in the previous year, the company posted ($9.62) earnings per share. sell-side analysts anticipate that Caesars Entertainment Co. Common Stock will post -0.04 EPS for the current year.

Several analysts recently weighed in on the company. BidaskClub upgraded Caesars Entertainment Co. Common Stock from a “strong sell” rating to a “sell” rating in a report on Wednesday. Credit Suisse Group assumed coverage on Caesars Entertainment Co. Common Stock in a report on Tuesday, September 11th. They issued an “outperform” rating and a $13.00 price objective for the company. Zacks Investment Research downgraded Caesars Entertainment Co. Common Stock from a “hold” rating to a “sell” rating in a report on Friday, September 7th. Deutsche Bank assumed coverage on Caesars Entertainment Co. Common Stock in a report on Tuesday, September 4th. They issued a “buy” rating and a $14.00 price objective for the company. Finally, Jefferies Financial Group set a $11.00 price objective on Caesars Entertainment Co. Common Stock and gave the company a “hold” rating in a report on Thursday, August 2nd. Three analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $14.00.

Caesars Entertainment Co. Common Stock Company Profile

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 36,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service.

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Institutional Ownership by Quarter for Caesars Entertainment Co. Common Stock (NASDAQ:CZR)

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